Treasurer and Director

Employer
Mabel Luke Trustee Ltd
Location
Newbury, Berkshire (GB)
Salary
This is a voluntary, unpaid role
Closing date
10 Dec 2022

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We are the Board of Directors for Mabel Luke Trustee Ltd, the corporate trustee for an almshouse trust that provides 16 flats for vulnerable households near Newbury town centre. The trust originated in a 1928 donation by a local benefactor looking to support needy families in Newbury and Greenham parish. The four cottages she provided were demolished and three small blocks of one- and two-bedroom flats were completed on the site in early 2018 and were filled by the mid-year.

 

The Board meets around six times per year. Every Director – there are currently seven – also sits on at least one Board Committee, of which there are three covering residents, property and finance, which meet less often, as needed. We set up ad hoc smaller groups to deal with specific issues – one such is currently reviewing our website, which needs updating and improving. After over two years of Zoom meetings we have reverted to in-person Board meetings  but still use Zoom to give flexibility where needed for other gatherings.

 

Our Board has a good mix of gender and age but lacks ethnic diversity, which we are keen to improve. One Director is registered disabled.

 

Our Clerk works for 10 hours per week and deals with administration and day-to-day bookkeeping, using Quickbooks. But there is much to do outside these areas – dealing with resident issues, filling vacancies, arranging repairs and servicing and, crucially for this role, compiling management and annual accounts and other finance-related matters. So our Directors are pretty hands-on, though some have more time and availability than others. We employ local trades for repairs and e.g. boiler servicing. We do not provide other forms of support but can direct residents to other organisations that can help.

 

While our Clerk keeps the books, the Treasurer needs to have the necessary accounting expertise to oversee all finance matters, from developing the annual budget – now in train – to reporting to the Board with every quarter’s management accounts, drafting the year-end accounts and dealing with the excellent local firm of accountants that acts as our Independent Examiner. The Treasurer also deals with banks and insurances.

 

Our Treasurer is standing down at the end of 2022, for family reasons. We would particularly welcome applicants who are female and/or from minority ethnic communities to improve the diversity of our Board, reflecting the characteristics of our residents, many of whom are single parents or from ethnic minority communities.

 

We are looking for someone who has the skills required for this role and who is keen to put them to good use within the community. Previous Board experience is not essential but would clearly be useful. You will relish the chance to help supply good quality, well-managed housing to less fortunate households, providing them with the reassurance necessary as the foundation for productive living.

 

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